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Credit card app roundup

By Janna Herron ·
Wednesday, December 14, 2011
Posted: 5 pm ET

Call it an apps-polooza. Credit card companies have ramped up their mobile app offerings since this summer, according to a report from Corporate Insight.

U.S. Bank, American Express, Citi and Capital One are among the issuers offering new app services.  Here's a rundown:

U.S. Bank unveiled a mobile app for its REI Visa card, which allows potential customers to apply for a credit card. If approved, they can make immediate purchases with a virtual card. Corporate Insight says this is the first of its kind.

American Express launched credit card apps for the iPad and Android tablets, while Citi introduced an iPad app that tracks a consumer's bank and card accounts.

Citi also paired up with Best Buy to offer an iPhone and Android app that allows ThankYou rewards cardholders to redeem rewards points immediately at checkout at the electronics retailer.

In related news, Credit Sesame debuted a mobile app on Wednesday that offers a free credit score to consumers wherever they are. The company said that more than 4 out of 5 consumers they surveyed said they wanted to access their credit score on the go.

Company founder Adrian Nazari said consumers can check their scores before applying for a retailer credit card at the store or applying for an apartment rental. That way, they have a better idea where they stand before making a financial decision, he said. The app offers Experian's National Equivalency credit score and not the widely used FICO score.

What credit card or credit scoring apps are on your mobile device?

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December 15, 2011 at 9:22 am

Instant gratification ("smart") sells better than (true) smart.